Westport Fuel Systems Inc (NASDAQ:WPRT) Receives Average Rating of “Hold” from Brokerages

Share on StockTwits

Shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $4.50.

Several brokerages have commented on WPRT. BidaskClub downgraded shares of Westport Fuel Systems from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. ValuEngine lowered Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Cowen set a $4.00 target price on Westport Fuel Systems and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Zacks Investment Research raised shares of Westport Fuel Systems from a “sell” rating to a “hold” rating and set a $3.00 price target on the stock in a report on Monday, October 14th.

Several hedge funds have recently modified their holdings of the company. Paradigm Capital Management Inc. NY boosted its holdings in shares of Westport Fuel Systems by 0.4% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,168,700 shares of the auto parts company’s stock worth $3,167,000 after buying an additional 4,500 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Westport Fuel Systems in the second quarter valued at approximately $26,000. Trellus Management Company LLC increased its position in shares of Westport Fuel Systems by 2.6% during the third quarter. Trellus Management Company LLC now owns 400,000 shares of the auto parts company’s stock valued at $1,088,000 after acquiring an additional 10,000 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Westport Fuel Systems during the third quarter worth $36,000. Finally, A.R.T. Advisors LLC bought a new stake in Westport Fuel Systems during the second quarter worth $40,000. 23.92% of the stock is owned by institutional investors.

Westport Fuel Systems stock traded up $0.01 during mid-day trading on Friday, reaching $2.40. 13,799 shares of the company were exchanged, compared to its average volume of 572,229. The firm has a market cap of $327.83 million, a PE ratio of -7.77 and a beta of 1.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.47 and a quick ratio of 1.03. The company has a fifty day simple moving average of $2.64 and a 200-day simple moving average of $2.72. Westport Fuel Systems has a 12 month low of $1.17 and a 12 month high of $3.39.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its earnings results on Thursday, November 7th. The auto parts company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. Westport Fuel Systems had a negative net margin of 3.37% and a negative return on equity of 19.32%. The company had revenue of $75.40 million during the quarter, compared to analysts’ expectations of $72.63 million. Sell-side analysts anticipate that Westport Fuel Systems will post 0.01 earnings per share for the current year.

About Westport Fuel Systems

Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation application worldwide. It operates through Transportation and Cummins Westport Inc (CWI) Joint Venture segments. The company offers fuel systems and components a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities.

Recommended Story: Momentum Indicators

Receive News & Ratings for Westport Fuel Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westport Fuel Systems and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.